Premium Essay

How the Imf Impacted the Caribbean Business Environment

In: Business and Management

Submitted By Burnz777
Words 3669
Pages 15
THE UNIVERSITY OF THE WEST INDIES
(CAVE HILL) CAMPUS
FACULTY OF SOCIAL SCIENCES
DEPARTMENT OF ECONOMICS
FINA3010 – SUPERVISED RESEARCH PROJECT
How Has The International Monetary Fund Impacted the Caribbean Business Environment?

Student Name: William Franklyn April 1st, 2014 ID#:407002804 Professor: Mr. Wilberne Persuad
Contents
Introduction: 3 Literature Review: 4 Background: 4 Further look at the IMF: 4 The World Bank: 5 Loans facilities offered by the IMF: 5 Definition of Caribbean Business Environment (The Small Open Economy Model): 6 Characteristics of the Caribbean Business Environment: 6 Definition of a Financial Crisis: 7 What causes a Financial Crisis to occur? 8 Conclusion: 9 Descriptive analysis 10 Methodology 15 Conclusion 16 Social Instability: 16 Further look at the impact of the IMF’s procedures/objectives: 16 Potential Threat 17 Policy Responses: 18 Internally: 18 Externally: 18 Bibliography: 20

Introduction: This research paper aims to analyze the process of The International Monetary Fund in Barbados and how the country was affected by their guidelines. Barbados has been said to be one of the developing countries within the Caribbean Business Environment. However due to external shocks as well as weak domestic policies, Barbados was forced to ask the IMF for their aid as a last option, to stabilize the country’s economy. This research paper intends to highlight that the significance of The IMF as well as the impact as it relates to small open economies. There will be a literature review informing all of the relevant information pertaining to the general subject topic. Afterwards, a case study will be presented on Barbados and our findings. Once all the information has been disclosed, a conclusion will be given with regards to the IMF and…...

Similar Documents

Premium Essay

How Has an Online Presence Impacted on Business Operations and Their Commercial Environment

...Introduction 1 2. Traditional conditions and issues in business operations and commercial environment 1 2.1 Previous situations of operating business and the relevant environment 1 2.2 Issues generating along with time increased 2 3. The rise of online presence in modern business 2 4. One kind of online presence --- websites 3 4.1 Impacts of websites on business operations 3 4.1.1 Procurements & sales 4 4.1.2 Employment 7 4.1.3 Promotions 9 4.1.4 Security and privacy 11 4.2 Influences of websites on commercial environment 13 4.2.1 Industry environment 13 4.2.2 Social environment 14 5. Advantages and disadvantages of some other online presence 15 5.1 Blogs & microblogs 16 5.2 Search engines 16 5.3 Social networks 17 6. Conclusion 18 7. Bibliography 19 1. Introduction ‘Over time, trade became a more formalized, structured process, evolving from one-to-one transactions into many-to-many exchanges’ (PricewaterhouseCoopers LLP SAP AG, 2001, P1); in addition, modern business is partial to be built electronically on a network in order to be more efficient and convenient. This report will chiefly discuss how the online presence websites impact on the business operations which cover procurements and sales, employment, promotions, and security and privacy; furthermore, introduce the significant changes which are brought by the websites on the commercial environment. Finally, both benefits and limitations of blogging &......

Words: 4882 - Pages: 20

Free Essay

The Business Environment

...The Business Environment Tony Burchfield Dr. Nicole Ortloff BUS100 – Intro to Business In a world of high demand, many businesses have many different roles throughout the world, but ultimately are the drive and fuel for our economy that we live in. Through the course of time we’ve come to realize as a civilization that it was more practical in some cases to produce certain products, and trade for others. At the time this probably not considered to be a business transaction, but that was precisely what was shaping our future for decades to come. For example, not everyone knows how to grow, or has the means to grow, certain crops but they might have a different skill set that they can provide services for in return for crops from a local farmer. If the farmer grew corn and a hunter had fur and meat, then a trade could be made. They barter with each other in order to acquire things that they don’t have specific skills/equipment to produce. This is a practical business transaction on a very basic level. If we were not to adapt this logical way of thinking, we would be able to live, but not very practically and efficiently. We would have to figure out ways to clothe, feed, and shelter ourselves on a daily basis with no shops of any kind to help. To live in this kind of society seems very primitive and irrational. Trade was created to better an economies sense of lifestyle and make goods and opportunities accessible all over the world, thus raising the......

Words: 1680 - Pages: 7

Free Essay

The Business Environment

...The Business Environment Monica Thompson Prof Marilyn Fitzpatrick BUS 100 May 6, 2013 Author Note This report is written and submitted as an assignment for BUS100 (Intro to Business) class by Professor Marilyn Fitzpatrick in the spring semester of 2013 Abstract Business is any activity that provides goods and services in an effort to earn a profit. This paper will discuss the role business and the different affects business has on society today. The roles of for-profit and nonprofit organizations will be compared and contrasted. This paper examines the impact of the current fiscal and monetary policies on the economy. A selected product or service will have a strategy for accessing global markets outlined. In the world of business, there are certain constants that exist throughout. One the most important factors being the overall environment itself. The term Business Environment is pretty self-explanatory, and means exactly what it sounds like. The Business Environment is simply a set of different conditions and variable that dictates the nature of the current business environment. The role of business becomes an important factor in determining the flow of this current environment. Business, whether it is large or small scale, is the heartbeat of any economy. Companies that primarily focus on profit margins and financial rewards differ from those that business models consist of mission statements usually geared toward promoting the “greater good”. For-profit...

Words: 1818 - Pages: 8

Premium Essay

Assessing the Impact of Globalization on the Caribbean Business Environment

...to assess the impact of globalization on the Caribbean business environment. Much has been written about globalization which is more accurately viewed as a process of change rather that an event which has already occurred. The impact of globalization on any environment can be both positive and negative and can be described as the enablers or the constraints which affect the decisions made by leaders, both government and business. It also refers to the way these choices affect the lives of all people. Scholars David Held, Anthony McGrew, David Goldblatt and Jonathan Perraton developed a general framework for understanding the process and characteristics of globalization. The authors said that, “in its simplest sense globalization refers to the widening, deepening and speeding up of global interconnectedness. They also suggest that the process of Globalization does not only have one kind of impact or outcome but four different types namely Decisional, Institutional, Distributive and Structural: • Decisional impact. How does globalizing processes affect how individuals, corporations, organizations and governments make decisions? • Institutional impact. How does globalization change the agendas of organizations and individuals, structure their choices and influence their preferences? • Distributive impact. How does globalization change the way wealth and power are distributed within and among countries? • Structural impact. How does globalization structure patterns of......

Words: 3201 - Pages: 13

Premium Essay

An Analysis of the Business Environment of Three (3) Caribbean Islands

...AN ANALYSIS OF THE BUSINESS ENVIRONMENT OF THREE (3) CARIBBEAN ISLANDS There are probably more small countries in the Caribbean than anywhere else in the world, with some countries smaller in total size than a large US city, and with as few as 20,000 inhabitants (Ferguson, 2007). The area commonly known as the "Caribbean" is located between the continents of North and South America, and east of Mexico. The Caribbean islands loop up in a quarter circle from off the coast of Venezuela (starting with Trinidad & Tobago, then Grenada, and so on) and ending up not far from southern Florida (with the Bahamas and Cuba). The Caribbean has an interesting and sometimes troubled history, and with the different colonial influences (English, French, Spanish, even Portugese and Dutch) there's a vibrant mix of cultures and business environments (Ferguson, 2007). The business environment is constantly changing as time goes by. There are several factors that affect the aspects of the business environment such as benefits, costs, and risks of conducting business. Other factors that the business environment are issues that affect operations, which includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government activities, social and economic factors and technological developments. There are several Caribbean islands however throughout this paper I will only analyse the business environment of three (3);......

Words: 1816 - Pages: 8

Premium Essay

Business Environment

...Explain how economic systems attempt to allocate resources effectively pg.7, 8 2.2 Assess the impact of fiscal and monetary policy on business organisations and their activities pg.8, 9 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organisation pg.10 3.1 Explain how market structures determine the pricing and output decisions of businesses pg.11 3.2 Illustrate the way in which market forces shape organisational responses using a range of examples pg.12 3.3 Judge how the business and cultural environments shape the behaviour of a selected organisation pg.13 4.1 Discuss the significance of international trade to UK business organisations pg.14 4.2 Analyse the impact of global factors on UK business organisations pg.15 4.3 Evaluate the impact of policies of the European Union on UK business organisations pg.15, 16 INTRODUCTION IN THIS ASSIGNEMENT I WILL INDENTIFY AND DISCUSS THE TYPES OF ORGANISATION, I WILL EXPLAIN THE RESPONSABILITIES OF ORGANISATION THE ECONOMIC SYSTE. I WILL SHOW THE KEY OBJECTIVES COMPETITION POLICY AND HOW THE MARKET STRUCTURES DETERMINE THE PRICING OF THE DECISIONS OF BUSINESS. I WILL ANALYSE THE IMPACT OF GLOBAL FACTORS ON UK BUSINESS ORGANISATIONS AND I WILL EVALUATE THE IMPACT OF THE POLICIES OF THE EUROPEAN UNION ON UK ORGANISATION. IN THE END I WILL MAKE CONCLUSION ABOUT THE STRATEGIES, METHODS OF BUSINESS ACTIVITES. MAIN BODY BUSINESS......

Words: 3982 - Pages: 16

Premium Essay

Business Environment

...|Unit Number and Name: |Unit 1 The Business Environment | |Unit Code: |D/502/5409 |Credit Value: |10 | |QCF Level: |BTEC National |Guided Learning Hours: |60 | |Assessor: | | Unit 1 The Business Environment |Assignment Deadlines | |Assignment Deadline Date: |Hand out date: |Submission date: | | |Task 1 (P1 P2 M2 D1) | | | |Assignment Hand in Dates | | | | | |Task 2 (P3 M1) | | | | |Task 3 (P4) | ...

Words: 584 - Pages: 3

Premium Essay

Business Environment

...Business Environment: A Case Study of Cadbury Schweppes Table of Contents Particulars: Page No. Introduction 03LO1 Understand the organisational purposes of businesses 1.1 Purposes of the Cadbury Schweppes: 031.2 How Cadbury Schweppes meets its Stakeholders objectives 041.3 Responsibilities and strategies by Cadbury Schweppes 05LO2 Understand the nature of the national environment in which businesses operate2.1 Resources allocation is different economic system 05 2.2 Impact of fiscal and monetary policy on business to allocate its resources 06 2.3 How the competition policy and other regulatory mechanisms impacted on Cadbury Schweppes 07LO3 Understand the behaviour of organisations in their market environment3.1 Market structures in determining the pricing and output decisions 083.2 Market forces shape organizational responses 093.3 Business and cultural environment change the shape of an organization 10LO4 Be able to assess the significance of the global factors that shape nationalbusiness activities4.1 Significance of international trade to United Kingdom business organizations 114.2 Impacts of global factors on UK business organizations sectors 114.3 Impact of policies of the European Union on UK business 12------------------------------------------------- Merit......

Words: 8213 - Pages: 33

Premium Essay

How Children Are Impacted by Marital Infidelity

...How Children Are Impacted By Marital Infidelity Abstract This research will show how a parent’s infidelity can impact their children’s perspective of marriage, love and intimate relationships. The study was conducted in April 2014 and explored the impact of a parent’s infidelity on adults through a review of literature and critical analysis of the information in an ethnographic, qualitative manner. Table of Contents TITLE …………………………………………………………………..…1 ABSTRACT ……………………………………………………….….…..2 Introduction ……………………………………….………………………4 Research on infidelity …...………………………………………..……….5 Social media as a source to increase cheating………………….………….6 Adult children of parental infidelity…………………………………….....6 Results of children with cheating parents …………………………………7 Assumptions and Limitations ………………………………………….…..9 Conclusion…………………………………………………………………11 Work cited …………………………………………………………………12 Infidelity A business owner has been married to his wife for only 25 years. This couple has 3 children. The couple appears to be happily married, and they have a nice home. A late Friday night after he leaves his company he decides to go to a bar with his cousin and leaves the wife to take care of his and his cousins kids. At the bar the man and his cousin go to the bar to order a beverage. Not after ordering his drink, a woman goes up to him. She asks the men if she can join them. The three of them seem to......

Words: 1888 - Pages: 8

Premium Essay

Business Environment

...The nature of the national environment in which your chosen business operates 6 2.1. Explain how economic systems attempt to allocate resources effectively 6 2.2. Assess the impact of fiscal and monetary policy on business organisations and their activities 7 2.3. Evaluate the impact of competition policy and other regulatory mechanism on the activities of a selected organisation 7 Task 3. The behaviour of your chosen organisation in its market environment 8 3.1. Explain how market structures determine the pricing and output decisions of the business 8 3.2. Illustrate the way in which market forces shape organisational responses using a range of examples 8 3.3. Judge how the business and cultural environments shape the behaviour of a selected organisation 9 Task 4. The significance of the global factors that shape business activities of your chosen organisation 10 4.1. Discuss the significance of international trade for your organisation 10 4.2. Analysis the impact of global factors on your chosen organisation 10 4.3. Evaluate the impact of European Union policies on your business organisation 11 Part B 12 Task 5. Report 12 a). how the downturn in the UK economy since 2008 and the double dip recession has impacted on your chosen organisation 12 b). how should your chosen organisation respond to these changes 12 Part C 14 Task 6 14 a.i. Potential impact of fiscal changes 14 a.ii Monetary policy 14 a.iii. International environment 14 b. Respond to......

Words: 3922 - Pages: 16

Free Essay

Explain How the General Environment Affects a Business Strategic Decision.

...The general environment includes Demographic Trends, Socio-cultural Forces, Economic Forces, Technological Forces, Political and Legal Forces, Global Forces. All of them effect the business strategic decision. But different forces have different effect influences. For Demographic Trends, the most visible, easily quantifiable and predictable forces. But, surprisingly, not the most thoroughly examined. For examples: The population pyramid (aging trends); increased diversity/immigration; geographic distribution/migration to sun-belt states, etc. In socio-cultural, awareness of and compliance with the values, beliefs, and lifestyles of society can help organizations prepare for the future, and changes in society can create opportunities for and threats to an organization’s growth. Just like Quality of Education; Crime Levels; Foreign Investment levels; Environmental awareness, etc. Economic forces can influence demand for products and services, and the costs of producing / providing them. Such as interest, Inflation, Exchange rates, Tariffs and so on. The technological also cover invention, innovation, basic innovation and technological Forecasting. Invention is an idea with commercial potential. Innovation is An invention that can or will be commercialized. The basic innovation always impact more than one industry and technological forecasting is Monitoring industry trends. For business strategic decision, in political and legal forces, the government can macro-control......

Words: 317 - Pages: 2

Free Essay

Business Environment

...TITLE PAGE Business Environment Assignment (2015) – (Y/601/0546) * A Qualitative Business Analysis of Two Different Organisations: - (Waltham Forest College: Public Sector and Costa Coffee: Private Business Sector). * This Process Involved Assessing the Influence of Stakeholders and the Relationship Between Businesses and The Local, National and Global Market Environments. CONTENTS LIST PAGE Introduction 3 Literature Review 4 Overview: Critical Review 6 Methodology 7 Investigations/Findings 8-19 Conclusions 20 Recommendations 21 Bibliography/References 22 Appendices 24 1.1 INTRODUCTION This report is a qualitative analytical assessment (Easterby-Smith et al 1991) by the author on behalf of Charles Hunt Investments concerning two contrasting organisational types. The first entity is Waltham Forest College, which is an expanding UK public sector college. The other company is Costa Coffee – a successful UK based and international coffee chain which provides high quality food and beverages service to UK and overseas clients. The aim of this report is to investigate and qualify how Charles Hunt Investments can raise financial resources from (for) clients such as the above mentioned and examine ways, on a long term basis how to secure the best dividends (tangible and intangible benefits) for its stakeholders (Kotler, 1997). A further aim of this qualitative study...

Words: 4911 - Pages: 20

Premium Essay

Business Environment

...Business Environment Section 1 In the UK there are many different types of business organisations. They broadly fall into the category of public and private sector organisations. The National Health Services or the Armed Forces for instance are public sector organisations owned by the Government and are in place to deliver to the public. The main purpose of public sector organisations is to provide access to quality service at an affordable price to citizens (Armstrong and Kotler, 2014). Providing equal opportunities or equity is also one of the purposes of the public sector organisations (Kerin and Hartley, 2012). The private sector consists of sole traders, partnerships, private limited liability companies, franchises and joint ventures. The main purpose of the private sector however is to be profitable, grow its market share and to survive by satisfying customer needs (Kerin and Hartley, 2012). There are also public limited liability companies, cooperatives and charitable organisations. A Sole Trader business organisation is usually small and is managed and owned by a single person. Profits made by the Sole Trader are managed as if their own personal finance therefore once costs and taxes etc. are paid the profit is theirs, however this also means that any loss incurred is managed by them as-well. The success of the business of the sole trader lies with the drive and willingness to succeed of the owner, if he or she supplies a product or service of quality which......

Words: 3324 - Pages: 14

Free Essay

How Has the Internet Impacted Society?

...The Internet: How has the internet impacted society? Rob Ash ENGL 393 Professor April Walters April 5th , 2016 ------------------------------------------------- Table of Contents Summary of the Internet……………………………………………………………………………………………3 Are children smarter or more socialized because of internet?......................................3 Should the federal gov’t be allowed to regulate info on internet?................................5 How has the music industry been effected by the internet?.........................................6 Conclusion………………………………………………………………………………………………………………….9 Works cited…………………………………………………………………………………………………………………10 ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Summary The internet plays a huge part of our everyday lives. As far as giving a typical definition it’s kind of difficult to give the internet one meaning. Unlike any other technology, the internet can be whatever we can make it. We can shape it however we may choose and the best part is how affective it’s used to connect to people, communities and countries all over the world. In the early days when the internet was still considered new, most people just used the internet to search for information. Most traditional......

Words: 1959 - Pages: 8

Premium Essay

Business Environment

...Vietnam but also all over the world. Trung Nguyen coffee products and G7 instant coffee has been exported to 43 countries around the world with main markets such as America and China. Moreover, they has also built a network of 1000 stores and distributed G7 across the country. Moreover, they were honored to receive EUREGRAP International Certificate for its cleanliness and excellence in producing and they have also won a lot of prizes and good titles for the company. It makes a lot of people know about their products and brand name, and then they become more popular in the coffee market and can compete to the others. II. Task 1 1a. Explain how market structures in practice deviate from the model of perfect competition. As you know, for a company as successful as today, members in Trung Nguyen coffee company knew that business environment is more or less influenced on it, especially market structure because it promote the development of the company and market economy and it can impact on the behaviours and conducts of firm. Besides, Trung Nguyen also know the features of every single market structure in order to forecast and manage to change in market condition and perfect competition. First of all, we should know all about perfect competition and market structures: * Perfect competition exists when products are homogeneous, and there are a great many firms too small to have any influence on the market price, and firms can easily enter and exit the industry. ......

Words: 3831 - Pages: 16

Collector Lot 3 Interrupteurs Vintage Porcelaine Bakelite Design Loft Superbe | Goosebumps 2: Haunted ... | Ver Os Dez Mandamentos 1 Temporada Capitulo 118 Completo